Top 10 MBA Colleges in Maharashtra 2026

If you are finding difficulties in choosing Top MBA Colleges in Maharashtra, then don’t worry you have reached the right place. Popularly known as The Gateway of India, Maharashtra is one of India’s biggest Industrial and Commercial centers developed as the main core for IT and ITeS.

In this guide, we are providing a list of top colleges for MBA in Maharashtra together with various details like fee structure, placement, admission process, and much more. So, read it carefully and completely and select the college which is best for you.

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Eligibility Criteria

To get admission to one of the top colleges in Maharashtra for studying MBA, students must have completed graduation from a recognized university with at least 50% marks. Candidates who came into the reserved category must have scored 45% marks in graduation. Moreover, aspirants who have professional degrees such as ICWAI, CA, etc, are also eligible. Additionally, candidates in their final year of graduation are also eligible to apply.

Admission Process (CAP Rounds)

Candidates can apply for admission by visiting the official website of the college. Students who have scored 50% marks in graduation can only apply for MBA courses. They are shortlisted on the basis of marks obtained in the entrance exam. Besides, for state colleges, admission is done via the Centralized Admission Process (CAP) conducted by the DTE Maharashtra.

Some of the Top MBA Colleges in Maharashtra 2026

1. Indian Institute of Technology (IIT), Bombay

It is one of the top public research universities that ranked 3rd in NIRF (Management). However, it is well-known for its B.Tech program. Besides, SJMSOM (IIT Bombay) offers other courses like MBA, EMBA, and Ph.D. Admission to these courses is done on the basis of the CAT entrance exam conducted by the college. Apart from this, the college also offers great placement opportunities to students. For details, visit here.

2. JBIMS, Mumbai

Established in 1965, it is an autonomous govt B-school often called the “CEO Factory”. In the field of Human Resource Management, Finance, and Marketing, the college offers a 2 years full-time MMS degree. For admission, valid marks in MAH-CET / CMAT / CAT are required. Most of the students prefer Jamnalal Bajaj Institute of Management Studies only because of its finance-related courses. Tap here for more information.

3. S. P. Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR Mumbai, established in 1981, is considered a top private management college. However, it is recognized by AICTE, AACSB, and NBA. The college offers full-time courses in PGDM and PGDM-BM. Admission is based on CAT/GMAT profiles. Hit here to get more details.

4. SJMSOM, IIT Bombay

This is a part of IIT Bombay established in 1995. However, the college offers a 2-year flagship MBA program. The total tuition fee for the course is approximately INR 14 Lakhs (offering excellent ROI). Admission to these courses is done on the basis of marks obtained in the CAT. Click here to get more details about the Shailesh J. Mehta School of Management.

5. K. J. Somaiya Institute of Management, Mumbai

Established in 1981, it is a private autonomous business school affiliated with Somaiya Vidyavihar University Mumbai. This is well known for its MBA program. On the basis of CMAT/CAT/XAT scores admission to these courses is offered in this college. Besides, K. J. Somaiya offers PG-level courses. For further details, hit here.

6. Department of Management Sciences (PUMBA), Pune

It is also known as Pune University which is accredited with an “A” grade by NAAC. The college offers both MBA and BBA programs. On the basis of National and State level exams such as ATMA, XAT, CAT, and MAH-CET admission is done. Visit here for more information about PUMBA.

7. Balaji Institute of Modern Management (BIMM), Pune

It is a premier management institute located in Pune. However, the institute offers full-time MBA degrees and for professionals executive MBA. To get admission into BIMM Pune, students need to crack the entrance exam. Once shortlisted, they will be called for the further process that includes GD and PI. Hit here for more details.

8. IIM Mumbai (Formerly NITIE)

Recently converted to IIM Mumbai, this institute is a powerhouse for Operations and Supply Chain Management. It is ranked among the top 10 B-schools in India. Admission is based on CAT scores. It is the first IIM in Maharashtra and offers excellent placement packages often exceeding INR 30 LPA.

9. Welingkar Institute of Management (WeSchool), Mumbai

Also known as Welingkar, it is one of the top management colleges in India. However, this college is very well known for its 2-year flagship PGDM program in the field of Healthcare Management, Business Design, Rural Management, and E-Business. Admission is based on entrance exam marks. For further details, click here.

10. Symbiosis Institute of Business Management (SIBM), Pune

SIBM Pune is a Constituent of Symbiosis International University. In the Management category, it ranked 13th by NIRF (2024). However, the college is famous for Student Culture and Alumni Network. Admission to this college is based on SNAP test scores followed by Personal Interview. Tap here to get more information about SIBM Pune.

Placement

In Maharashtra, there are various top colleges for MBA that offers the best placement records for their students. Given below are the name of some colleges with high placement data:

• JBIMS, Mumbai: One of the oldest institutes. The average salary package offered is around 28 Lakhs per annum.
• IIT Bombay (SJMSOM): This college has an excellent placement record with an average salary package of around INR 28-29 Lakhs per annum.
• SIBM, Pune: It is one of the most popular business schools. The placement provided has an average salary package of 26-28 Lakhs per annum.
• NMIMS, Mumbai: The college offers a 2-year MBA program and has an excellent average salary package of INR 26 Lakhs per annum.
• PUMBA, Pune: Offers excellent ROI with packages of 8-9 Lakhs per annum for a very low fee.

Recruiter Companies

Many top-notch companies like Amazon, Google, Accenture, Hindustan Unilever Limited, McKinsey, Goldman Sachs, Infosys, and many more visit the college campus for hiring aspirants.

NIRF Rankings 2025

Note: JBIMS does not actively participate in NIRF but is consistently ranked in the Top 10 by Outlook and Business Today.

Conclusion

Given above are the lists of top “MBA Colleges in Maharashtra”. You can review each college and check the eligibility according to your marks. Besides, if you have any issues regarding this particular college then you can get in touch with us by tapping on our “Contact Us” page or by leaving your comments in the below-mentioned box.

Frequently Asked Questions

Which MBA is best in Maharashtra?
IIM Mumbai (NITIE) and JBIMS are often considered the best, along with IIT Bombay.

What are the fees for MBA in Maharashtra?
For a two-year full-time program, fees range from INR 1.3 Lakhs (PUMBA) to INR 25 Lakhs (NMIMS/SPJIMR).

Which are government colleges for MBA in Maharashtra?
JBIMS, Sydenham (SIMSREE), PUMBA, and SJMSOM (IIT Bombay) are the top government/aided options.

Which college has the lowest fees for MBA?
PUMBA, Pune has one of the lowest fees (approx 1.3 Lakhs total) with great placement.